Frasers Centrepoint Trust manager bullish on leasing demand even as H1 DPU slips 0.1% to S$0.0613
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
FRASERS Centrepoint Trust ’s (FCT) distribution per unit (DPU) inched down 0.1 per cent to S$0.0613 for the first half ended Mar 31, from S$0.06136 the year before.
The retail real estate investment trust’s (Reit) gross revenue and net property income (NPI) improved. However, property expenses were higher year on year, financial results released on Wednesday (Apr 26) showed.
Committed occupancy for the Reit’s retail portfolio hit a high of 99.2 per cent in the first half. Century Square’s occupancy grew to 96.8 per cent from 88.7 per cent, after the manager secured lease commitment for the property’s anchor cinema space.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
